The latest on Riverfront Stadium? Developers won’t build by it without new TIF district
When Wichita announced plans to demolish Lawrence-Dumont Stadium and build a new Triple-A ballpark, city leaders promoted the $80-million-plus public investment as a catalyst for private development surrounding the stadium. The city sold land to developers for $1 an acre, moved McLean Boulevard, agreed to a subsidy package and tapped the state’s COVID-19 emergency funds to help boost private development on the west bank of the Arkansas River. Now, to spur private development, the city is poised to give to developers a key revenue stream that originally was supposed to help pay down stadium debt. If the City Council doesn’t approve [...]